The $100 Billion Poker Game: Who Will Really Win the AI Boom: META, MSFT, SNDK, IBM and Co.!

The current earnings season shows how ruthlessly Wall Street distinguishes between AI vision and hard capital accounting. While Big Tech pours billions into data centers, the question arises as to which business models will actually support this investment avalanche – and which sectors will emerge as the undisputed winners from the AI craze. Microsoft exemplifies the dilemma of the first mover. The company reports new record revenues in the cloud, but the investment rate in infrastructure consumes a significant portion of the operational cash...